Cayman Islands Company Formation

Cayman Islands Company Formation
  • Offshore jurisdiction with excellent reputation.
  • Time of Cayman Islands company formation takes 2 DAYS.
  • Personal presence not required
  • Popular company type:
    • Cayman Islands Exempt Company

Tax Rates in Cayman Islands

Corporation Tax in Cayman Islands: 0%

Income Tax in Cayman Islands: 0%

VAT Tax in Cayman Islands: 0%

About Cayman Islands

Overseas Territory: Cayman Islands

Capital: George Town

Country: United Kingdom

Language: English

Currency: Cayman Islands dollar

Time Zones: GMT -5

Dial Code: + 1 345

Abbreviations:KY, CYM

What we can do for your Company in Cayman Islands

  • We do all paperwork on forming the company in Cayman Islands
  • Formation is completely remote
  • Can act as Secretary or Treasury
  • Provide nominee Directors/Shareholders
  • Assist with opening a bank account
  • Registration for Taxes, VAT & EORI
  • Develop a website for your business
  • Create a logo of your brand
  • Provide with full company administration services
  • Arrange a mailing address for your business
  • Arrange a virtual office for your company
  • Telephone answering service
  • Book keeping, audit & reporting
  • Preparing and submitting VAT return
  • Dealing with local authority
  • Trademark registration

Cayman Islands Company Formation. Cayman Islands Exempt Company

Main Characteristics and the basic rules of Company registration in Cayman Islands

Situated in Western Caribbean, the Cayman Islands are actually British Crown Colony. The island has small population with English being the official language. The legal system that runs in the island is that of the British system. It is obvious that these islands have a strong link with UK and hence the place is politically stable, safe and protected from almost all aspects. In case, you are planning to open an offshore company in this Island country, you must opt for our professional Cayman Islands Company Formation service otherwise you will have to face a barrage of problems sooner or later.

In fact, it has been seen that the standard of living in the Cayman Islands is one of the highest in the Caribbean. The GNP per capita of Cayman Islands is around $49,000. Right from the business infrastructure to transport system to communication facilities, everything is well developed in Cayman Islands.

One of the major financial centers, with being the 5th largest banking sector in the world, the Cayman Islands is one of the greatest destinations for offshore company formation. If you are looking for international expansion for your business, you need to get in touch with a company that has proven record of providing Cayman Islands Company Formation service. The Cayman Islands has some top global financial institutions and almost 279 banks with service providers providing high quality banking and accountancy practices. The numbers of registered businesses in the islands are innumerable, infact more than the total population of the islands.

The implementation of the ‘Mutual Legal Assistance Treaty’ in 1986 has led to greater legitimacy of businesses which are coming from outside and being established in Cayman Islands. The main purpose of this treaty is assisting the various law enforcement agencies of different countries when they think that a Cayman Islands company has been integrally involved in some kind of criminal activity. Whatever may be the situation, privacy is maintained.

Mentioned below are key benefits of Cayman Islands company formation:

  • There is need of only one director and shareholder in new company formation. It can be one person for both designations or a corporate body without inclusion of a local.
  • All legislation and documents are in English for easy understanding.
  • There are no auditing, accounting or annual reporting needs for an offshore Cayman Islands company.
  • No minimum capital is required for company formation in Cayman Islands.
  • There is no corporation, direct taxation, capital gains, property or withholding taxes in the Cayman Islands.

Though there are minimal hassles of Cayman Islands company formation, getting some assistance is always helpful for you and this is where BRIS group comes into the picture. All kinds of documentation, paper works and legal formalities are handled by us and your company formation process is made smooth and hassle free. Talk to us for all kinds of assistance.

Cayman Islands Company Formation Financial Advantages
Taxation: No taxes
Double Taxation Treaty Access: Cayman Islands has not yet signed any Double Tax Avoidance Treaties.
Cayman Islands Tax Information Exchange Agreements Yes, TIEAs signed by Cayman Islands authority
Account Filing Requirements: No accounting or reporting requirements
Annual Return Filing Requirements: No annual return/ reporting requirements
Audit Requirements: No audit required.
Cayman Islands Company Formation Registration Requirements
Share Capital: Maximum authorised (as opposed to issued) capital for minimum government incorporation and annual filing is US$50,000 for an exempted or ordinary non-resident company. The number of authorised shares can be enlarged at a later date
Classes of Share Available for Cayman Islands company formation: Shares with or without voting rights, redeemable shares, registered shares, preference shares, shares of no par value.
Minimum paid up share capital: US$1
Bearer Shares: Not Allowed
Registered Office Required: Yes, required and must be maintained in Cayman Islands.
Registered agent: Yes, required
Shareholders: Minimum number is one
Directors: Minimum number is one. Can be any nationality and need not be resident in Cayman Islands. Corporate directors are allowed.
Your Company language: English
Name of your Company must be ended: “Corporation”/ Corp., “Limited”/Ltd, “Incorporated”/Inc.,, “Societe Anonyme”/S.A., “Sociedad Anonima”,
Documents required for Cayman Islands company formation: A certified copy of your passport or ID and proof of your residential address dated less than 3 months.
Cayman Islands Company Formation Restrictions
For Cayman Islands company formation you cannot use words in your company names without justification: “Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.
Restrictions on Trading: None
Not permitted without a licence: Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.
Cayman Islands Company Formation Confidentiality and Security
Publicly Accessible Records: Details of shareholders NO; details of directors YES
Possibility to use Nominee Shareholders and Nominee Directors for Cayman Islands Company Formation: Yes, Allowed
Disclosure of Beneficial Ownership to Authorities: NO, The names or identities of beneficial owner do not appear in any public records.
Meetings of Directors and Shareholders to be held: You can hold Meetings of Directors and Shareholders of Bahamas IBC anywhere
What is the stability to register Cayman Islands Company (IBC) Stable jurisdiction and very highly regarded reputation.
About Cayman Islands Cayman Islands Company Formation
Capital city: George Town
Region: a British Overseas Territory, encompasses 3 islands in the western Caribbean Sea. Grand Cayman, the largest island, is known for its beach resorts and varied scuba diving and snorkelling sites.
Political System: Parliamentary Democracy
Government: Constitutional Monarchy
Governing corporate legislation: The Companies Laws 2007 as amended.
Type of Law: Common
Type of company: Cayman Islands Exempt Company
Currency: Cayman Islands Dollar (KYD)
Exchange Control: None.
Language of Legislation and Corporate Documents: English.
Time Zone: GMT-5.
  • International Reputation
     Recognised as one of the top 10 international financial centres in the world.
     Stock Exchange (CSX) recognised by UK.
     Aa3 rating by Moody’s
     White listed by the OECD
     Comprehensive AML Legislation
     Speed and ease of incorporation
     Common law, based on English law
  • Taxes No personal or corporate income tax.
     No property tax.
     No Inheritance tax.
     No capital gains tax.
  • The Cayman Islands does not impose any tax burden on income, capital, sales or capital gains.
  • There are no withholding taxes.
  • Neither are there inheritance taxes.
  • This makes it an ideal location to establish an offshore company for the purposes of mitigating tax exposure.
  • A company formed within the Cayman Islands tax haven can also be used as a flexible tool for sound estate planning.
  • Currency exchange controls in the Cayman Islands are non-existent.

This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.

BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.

Our team of consultants are here to take you through the process.